Dairy Alternatives - Global Market Outlook (2017-2023)

According to Stratistics MRC, the Global Dairy Alternatives Market is accounted for $8.51 billion in 2016 and expected to grow at a CAGR of 12.5% to reach $19.45 billion by 2023. Factors like increasing awareness of consumers toward a vegan diet, lactose intolerance among the population and demand for various fortified dairy food & beverage applications are boosting the market growth. High cost of dairy alternative milk and prominence of low cholesterol and low fat conventional milk will impede the market growth. Furthermore, innovation in flavor & sources of dairy alternative beverages and increasing demand for soy milk, rice milk and almond milk proteins provide wider opportunity for the market to grow.

The soy milk segment accounted for the largest market share due to availability of soy milk varieties offered by dairy alternative manufacturers. The plain unsweetened formulation is anticipated to dominate the market due to the growing demand for unsweetened soy and almond milk for manufacturing various food items. Beverage is projected to be the fastest growing market segment. Asia-Pacific region accounted for the largest market share due to the increasing consumer demand for plant-based food. North America is anticipated to be the fastest growing market due to large consumption of almond milk and large number of manufacturers in this region.

What our report offers:- Market share assessments for the regional and country level segments- Market share analysis of the top industry players - Strategic recommendations for the new entrants- Market forecasts for a minimum of 7 years of all the mentioned segments, sub segments and the regional markets- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)- Strategic recommendations in key business segments based on the market estimations- Competitive landscaping mapping the key common trends- Company profiling with detailed strategies, financials, and recent developments- Supply chain trends mapping the latest technological advancements

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